A new joint venture between major Japanese chemical company Sumitomo Chemical Co., Ltd. and Japanese chemicals manufacturer Zeon Corporation that consolidates that two companies’ solution styrene-butadiene rubber (S-SBR) business units will begin its operations on April 3, 2017. The two…
Category: Industry News
IEAT’s Rubber City in need of more skilled workers
Rubber City, a rubber industrial estate being developed by the Industrial Estate Authority of Thailand (IEAT), is teaming up with the country’s Labour Ministry to recruit skilled workers. The IEAT will also collaborate with educational institutes to produce skilled vocational…
Top Glove aims to improve performance despite expected market challenges
Malaysian rubber glove manufacturer Top Glove Corporation, the world’s largest rubber glove producer by volume, is aiming to improve its performance in the coming months despite the expected challenges in the market as higher input costs drag its fiscal second-quarter…
India’s RRII inaugurates international natural rubber clone museum
The Diamond Jubilee Block at the Rubber Research Institute of India (RRII), where the Advanced Centre for Molecular Biology & Biotechnology (ACMBB) is going to function, was recently inaugurated by Rita Teaotia, the secretary of the Department of Commerce in…
Apollo Tyres APMEA president Satish Sharma elected as ATMA chairman
Apollo Tyres’s Satish Sharma, president for Asia Pacific, Middle East & Africa (APMEA) unit, has been elected as the next chairman of tyre industry body Automotive Tyre Manufacturers Association (ATMA). Satish has held important portfolios in his two decades in…
Semperit, Sri Trang finalise demerging of almost all joint ventures
Austria-based industrial rubber and plastics manufacturer Semperit Group and Thai natural rubber company Sri Trang Agro-Industry Public Co Ltd. Group have finalised the demerging of almost all of their joint ventures as agreed upon earlier this year. Semperit takes over…
Yokohama expands commercial tyre business with Aichi Tire acquisition
Tokyo, Japan-based tyre manufacturer Yokohama Rubber Company has successfully completed its acquisition of Japanese industrial tyre maker Aichi Tire Industry Co. as part of its strategy to expand in the commercial tyre business. The expansion in the commercial tyre sector,…
Malaysian rubber exports expected to rise by 7% in 2017
The government of Malaysia is set on continuing its initiatives to strengthen the global market for rubber and palm oil as exports of the two commodities are expected to increase by 7% and 4%, respectively, said Malaysia’s Plantation Industries and…
Doublestar strikes deal with Kumho Tire
China’s Qingdao Doublestar Co. has signed an agreement with South Korean tyre maker Kumho Tire creditors to buy a 42% stake worth US$830 million. With this deal, Doublestar could become China’s largest tyre maker and in the running as the top…
Rubber export option brings hope to Indian growers despite low local prices
Local rubber growers and tappers in India are optimistic this tapping season despite falling domestic prices as production is forecasted to increase and export options open up. “The season for tapping latex was to wind up in February. But because…